Forum Discussion
Gdetrailer
Feb 14, 2014Explorer III
Goldstalker wrote:
Actually as of Oct 2013 they only do loans through dealers, sorry for the misinformation.
OP try Essex credit.
Unless you have tried to borrow within the last few years you would not understand where I am coming from.
2006 I bought a new vehicle, used my local bank for the loan (Been dealing with this bank all my life since I carried a paper route) walked in told them the amount I wanted to borrow, the VIN number and signed on the line.
Fast forward to 2013.. Bought another new vehicle, went into the bank expecting to do the same, NOPE, doesn't work that way anymore. They had to run credit check, then wait unit finance dept approves then I had to fork over a CLOSING FEE, then sign more papers than I ever signed for when I got a mortgage on my house!
Bank told me that ALL banks were REQUIRED to follow NEW BANKING RULES since the housing collapse.
Bank loans directly from a BANK are not as easy to get now days and banks are being watched closely..
About Travel Trailer Group
44,056 PostsLatest Activity: Jan 12, 2020